Zevia PBC (NYSE:ZVIA) Upgraded by Telsey Advisory Group to Outperform Rating

Key Points

• Telsey Advisory Group upgraded Zevia PBC from a "market perform" to an "outperform" rating, increasing the target price to $5.00, indicating a potential upside of 64.47% from the previous close.
• Zevia reported a revenue of $38.02 million for the last quarter, exceeding analyst estimates, and an earnings per share of ($0.06), beating expectations by $0.04.
• Institutional investors and hedge funds hold 53.21% of Zevia PBC's stock, with several firms recently purchasing new positions in the company.

Telsey Advisory Group upgraded shares of Zevia PBC (NYSE:ZVIA - Free Report) from a market perform rating to an outperform rating in a report issued on Monday morning, MarketBeat Ratings reports. Telsey Advisory Group currently has $5.00 price objective on the stock, up from their previous price objective of $3.00. Telsey Advisory Group also issued estimates for Zevia PBC's Q2 2025 earnings at ($0.04) EPS, Q3 2025 earnings at ($0.03) EPS, Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at ($0.12) EPS.

Zevia PBC Price Performance

NYSE:ZVIA remained flat at $3.31 during mid-day trading on Monday. The company had a trading volume of 876,289 shares, compared to its average volume of 705,594. The company has a market capitalization of $245.67 million, a PE ratio of -15.05 and a beta of 0.90. The company has a 50 day moving average price of $3.05 and a 200 day moving average price of $2.86. Zevia PBC has a one year low of $0.81 and a one year high of $4.99.

Zevia PBC (NYSE:ZVIA - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.05) by $0.04. Zevia PBC had a negative net margin of 8.97% and a negative return on equity of 27.00%. The company had revenue of $44.52 million during the quarter, compared to analysts' expectations of $41.63 million. Equities research analysts anticipate that Zevia PBC will post -0.32 earnings per share for the current year.

Institutional Trading of Zevia PBC

Large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in shares of Zevia PBC by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 539,652 shares of the company's stock valued at $2,262,000 after acquiring an additional 3,177 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in Zevia PBC during the 4th quarter valued at about $596,000. Renaissance Technologies LLC grew its position in Zevia PBC by 51.6% during the 4th quarter. Renaissance Technologies LLC now owns 150,726 shares of the company's stock valued at $632,000 after purchasing an additional 51,300 shares during the last quarter. Marshall Wace LLP bought a new stake in Zevia PBC during the 4th quarter valued at about $858,000. Finally, Stifel Financial Corp purchased a new position in Zevia PBC in the fourth quarter worth about $42,000. Institutional investors own 53.21% of the company's stock.

About Zevia PBC

Zevia PBC, a beverage company, develops, markets, sells, and distributes various carbonated beverages in the United States and Canada. It offers soda, energy drinks, organic tea, and kidz drinks. The company offers its products through a network of food, drug, warehouse club, mass, natural, convenience, and e-commerce channels, as well as grocery distributors and natural product stores and specialty outlets.